Discontinued — last reported Q3 '24
Program services and other fronting — Direct premiums earned
Markel Program services and other fronting — Direct premiums earned decreased by 11.0% to $721.79M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $669.54M to $721.79M. Over 2 years (FY 2021 to FY 2023), Program services and other fronting — Direct premiums earned shows relatively stable performance with a 3.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase reflects growth in the earned revenue base from direct insurance policies.
Detailed definition
Represents the portion of direct written premiums that has been recognized as revenue over the policy period. It reflect...
Peer comparison
Standard accounting metric; comparable to Direct Earned Premiums at peer insurers.
mkl_segment_program_services_and_other_fronting_direct_premiums_earnedHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $582.81M | $634.52M | $653.50M | $699.61M | $607.10M | $729.31M | $652.79M | $641.11M | $649.56M | $669.54M | $675.96M | $703.68M | $811.38M | $721.79M |
| QoQ Change | — | +8.9% | +3.0% | +7.1% | -13.2% | +20.1% | -10.5% | -1.8% | +1.3% | +3.1% | +1.0% | +4.1% | +15.3% | -11.0% |
| YoY Change | — | — | — | — | +4.2% | +14.9% | -0.1% | -8.4% | +7.0% | -8.2% | +3.5% | +9.8% | +24.9% | +7.8% |
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Frequently Asked Questions
- What is Markel's program services and other fronting — direct premiums earned?
- Markel (MKL) reported program services and other fronting — direct premiums earned of $721.79M in Q3 2024.
- How has Markel's program services and other fronting — direct premiums earned changed year-over-year?
- Markel's program services and other fronting — direct premiums earned increased by 7.8% year-over-year, from $669.54M to $721.79M.
- What is the long-term trend for Markel's program services and other fronting — direct premiums earned?
- Over 2 years (2021 to 2023), Markel's program services and other fronting — direct premiums earned has grown at a 3.6% compound annual growth rate (CAGR), from $2.45B to $2.64B.
- What does program services and other fronting — direct premiums earned mean?
- The portion of direct premiums that has been recognized as revenue.